I have bought two collections "of what I considered " Premium collections in the years i have been in business. I bought other deals that were worth a lot more, but was mostly bullion or accumulations.
First deal had a lot of certified type and key dates, about 285k.
2nd had complete sets of most collectible sets, but mid grade raw sets, about 127k.
I have appraised a few others, but at this point in time, the inheritee's have not sold. (I may get one of these before my time runs out)
I inherited this collection from my father, who inherited it from his father. The tin is from Scotland and the coins are as premium as anything else in my collection.
I was thinking about this as I went to my local dealer and spent an hour looking over the collection he just purchased. I ended up getting a proof V Nickel. There were some serious nice coins in the set.
My dad gave me his complete set of Indian Cents in EF some years ago.
Not exactly premium by today's standards, but a big upgrade over his childhood collection in a coin board.
I actually bought him the 1870 and 1871 at a coin show awhile back.
The 1877 is a fake that he bought from a mail order dealer who is no longer in business.
He also gave me his stereo microscope, which is a great tool for looking at coins.
Dad is still alive and doing fine mentally at age 97.
I bought my grandfather's collection in the early 1990s.
He wanted to sell it, so I got up to speed on grading and values.
It included a 1909-S VDB that he got from a relative who was a bank teller, and a couple of 1922 no-D cents.
Also a few nice EF half dimes (1837 capped bust and 1853 arrows) that were in his father's small collection.
He’s still alive but he’s gifted me things through out the years since I’m the only one who has shown interest.
So far, it’s about $35k in walkers, Morgan’s, buffalo’s, proof Franklins, and commems. I’ve sold roughly $65k for him in the last 2 years though.
@AlanSki said:
He’s still alive but he’s gifted me things through out the years since I’m the only one who has shown interest.
So far, it’s about $35k in walkers, Morgan’s, buffalo’s, proof Franklins, and commems. I’ve sold roughly $65k for him in the last 2 years though.
Smart play on Dad's part. Gift things while you're still around.
@AlanSki said:
He’s still alive but he’s gifted me things through out the years since I’m the only one who has shown interest.
So far, it’s about $35k in walkers, Morgan’s, buffalo’s, proof Franklins, and commems. I’ve sold roughly $65k for him in the last 2 years though.
Smart play on Dad's part. Gift things while you're still around.
I inherited silver change my grandparents pulled out of circulation in the 1960's and a mix of some nice gold coins (pesos, sovereigns, pre-1933 US gold).
Sold the junk silver, except for the raw Morgan dollar rolls and kept the gold coins.
Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
My grandmother on my dad's side had promised to leave me a large collection ($700-800 face value) of silver that she had saved after 1964. She had worked in a Ben Franklin's 5&10 store. When she passed in the mid 1990's the collection was nowhere to be found.
My grandma (still alive at 82) gave me and my two sisters maybe $70 dollars face of 90% silver coins, ~$20 in 40% halves, a roll of war nickels, a roll of buffaloes, a bunch of fifties wheats, and some other random odds and ends for coins, as well as a bunch of silver certificates and legal tender notes for us to split. The best parts were the 27 silver dollars, all peace except for 1 1880-S morgan that she won in a bike race, and a series 1928 FRN that was redeemable in gold(not a gold certificate).
The only bad part was, she had sold all of the 90% halves, most of the quarters, most of the pre-1950 wheats, the IHCs and the V and shield nickels back in 2003 when the silver was low. Included in the part that was sold were al least 4 barber quarters and a shield nickel. We don't even know what dates the halves were because she didn't keep track.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
I read that as Nothing to see here.
If the airs aren't collectors, could they convince the irs that it's all face value us government minted currency?💲
Not premium, but a circulated St. Gaudens with his year of birth, 1927, and a shoe box with about $50 of Washies and WLHs. But 1 of the 64 Washies looked like this.
I inherited a short-snorter dollar bill from my dad. I think the signatures are from guys he served with at an Air Force base in Alaska. It would have been neat to know the stories behind those signatures.
My pops is still alive but in a nursing home so I was entrusted with his collection as his POA. It filled the back of a hatchback and I really didn't know what was in it until a few months after I completed the 1,200 mile drive back home. After inputting all the certified stuff, PCGS valued it around $30K. Over 100 mint sets and raw silver and gold more than double that amount. But more valuable to me is that my grandmother and great grandmothers fingerprints are all over his collection with their notes and knickknacks. For the past two years, I'm grateful it's given me something to learn about, build upon, and cherish in my new found retirement and my youngest sons interest means we spend more time together. A win all-around in my opinion and at least makes it premium to me.
Premium, to me yes I have. My late father gave me a Lincoln cent album ( 41 - to present ) in 1964 which I still have. Priceless !!! Been collecting ever since. About 3 months after mom passed in early 97, dad who was in poor health called me to stop by the house, which I did, only to find his entire collection sitting on the dining room table. Not premium to anyone else but still........ " Take it home with you " After much discussion " take it, if your brother gets ahold of it, he'll spend it " Sure enough, 3 months later, we lost dad too. And of course, brother wanted to know where dads coins were. Big sis, the executress told him I took possession months ago. Still got em. Rolls of circ. mostly S mint wheats and circ. silver along with some less than common silver certificates. Nothing I can retire on but still premium to me.
Just bought a pre 33 gold deal approaching 6 figures from family who found it in barn searching for christmas decorations, no better dates, but enough gold with current price to put it up there. Been in there for approaching 30 years based on documents and paperwork stored with collection.
also, the only problem also, is profit margin on this type stuff avg 3-4% so its not like its a great deal, maybe for the family, but not the dealer.
Family was more interested in literary culture; father did the NY Times Sunday acrostic, etc. one sister worked at American Heritage and Random House. Coins I went through when my father passed were low grade, an 1864 "L" cent in low grade, a lead copy, old, of the Continental dollar, a Louisiana purchase coin and a Lindberg low content gold coin from Danbury Mint where he worked for a while.
@jdimmick said:
Just bought a pre 33 gold deal approaching 6 figures from family who found it in barn searching for christmas decorations, no better dates, but enough gold with current price to put it up there. Been in there for approaching 30 years based on documents and paperwork stored with collection.
also, the only problem also, is profit margin on this type stuff avg 3-4% so its not like its a great deal, maybe for the family, but not the dealer.
Good that they found an honest guy not the typical "how much do you want?" for your collection. And if you are operating on that tight a margin, hopefully they will recommend everyone they know to you!
I had a brother and sister want to sell a couple Whitman folders of later date Lincoln cents and Jefferson nickels to me that their father collected in the 1970s. Nothing special for sure, but obvious that he was careful, enjoyed the hobby, which was clear from the folders that are still in good condtion. I gave them $50 for the folders which was more than others offered.
I inherited a big batch (dozens) of slabbed gold, pre 33 US and foreign. I looked them all up and it seems nothing numismatic or super high grade, pretty much bullion plus a little extra for the slab. I shudder to think how much he spent on grading.
@TimNH said:
I inherited a big batch (dozens) of slabbed gold, pre 33 US and foreign. I looked them all up and it seems nothing numismatic or super high grade, pretty much bullion plus a little extra for the slab. I shudder to think how much he spent on grading.
If they are pre-1933 gold coins, he may have bought them already slabbed.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Comments
I have bought two collections "of what I considered " Premium collections in the years i have been in business. I bought other deals that were worth a lot more, but was mostly bullion or accumulations.
First deal had a lot of certified type and key dates, about 285k.
2nd had complete sets of most collectible sets, but mid grade raw sets, about 127k.
I have appraised a few others, but at this point in time, the inheritee's have not sold. (I may get one of these before my time runs out)
I inherited this collection from my father, who inherited it from his father. The tin is from Scotland and the coins are as premium as anything else in my collection.
I was thinking about this as I went to my local dealer and spent an hour looking over the collection he just purchased. I ended up getting a proof V Nickel. There were some serious nice coins in the set.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
My dad gave me his complete set of Indian Cents in EF some years ago.
Not exactly premium by today's standards, but a big upgrade over his childhood collection in a coin board.
I actually bought him the 1870 and 1871 at a coin show awhile back.
The 1877 is a fake that he bought from a mail order dealer who is no longer in business.
He also gave me his stereo microscope, which is a great tool for looking at coins.
Dad is still alive and doing fine mentally at age 97.
I bought my grandfather's collection in the early 1990s.
He wanted to sell it, so I got up to speed on grading and values.
It included a 1909-S VDB that he got from a relative who was a bank teller, and a couple of 1922 no-D cents.
Also a few nice EF half dimes (1837 capped bust and 1853 arrows) that were in his father's small collection.
He’s still alive but he’s gifted me things through out the years since I’m the only one who has shown interest.
So far, it’s about $35k in walkers, Morgan’s, buffalo’s, proof Franklins, and commems. I’ve sold roughly $65k for him in the last 2 years though.
Smart play on Dad's part. Gift things while you're still around.
RIP Mom- 1932-2012
I agree. No taxes. Here’s a few raw walker’s.
I inherited silver change my grandparents pulled out of circulation in the 1960's and a mix of some nice gold coins (pesos, sovereigns, pre-1933 US gold).
Sold the junk silver, except for the raw Morgan dollar rolls and kept the gold coins.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
No, I'm still waiting. You all know how to reach me through PM! 😂 🤣
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
My grandmother on my dad's side had promised to leave me a large collection ($700-800 face value) of silver that she had saved after 1964. She had worked in a Ben Franklin's 5&10 store. When she passed in the mid 1990's the collection was nowhere to be found.
Quote:
"Has anyone here inherited a “premium” coin collection?"
Not me, but my sons will
.
If I get @winesteven to adopt me, I'll gladly adopt you and give you my collection.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
My grandma (still alive at 82) gave me and my two sisters maybe $70 dollars face of 90% silver coins, ~$20 in 40% halves, a roll of war nickels, a roll of buffaloes, a bunch of fifties wheats, and some other random odds and ends for coins, as well as a bunch of silver certificates and legal tender notes for us to split. The best parts were the 27 silver dollars, all peace except for 1 1880-S morgan that she won in a bike race, and a series 1928 FRN that was redeemable in gold(not a gold certificate).
The only bad part was, she had sold all of the 90% halves, most of the quarters, most of the pre-1950 wheats, the IHCs and the V and shield nickels back in 2003 when the silver was low. Included in the part that was sold were al least 4 barber quarters and a shield nickel. We don't even know what dates the halves were because she didn't keep track.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
I read that as Nothing to see here.
If the airs aren't collectors, could they convince the irs that it's all face value us government minted currency?💲
If I had @winesteven 's collection I would burn mine! 😉
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Not premium, but a circulated St. Gaudens with his year of birth, 1927, and a shoe box with about $50 of Washies and WLHs. But 1 of the 64 Washies looked like this.
I inherited a short-snorter dollar bill from my dad. I think the signatures are from guys he served with at an Air Force base in Alaska. It would have been neat to know the stories behind those signatures.
Define "Premium".
Yea, that was my first thought.
My pops is still alive but in a nursing home so I was entrusted with his collection as his POA. It filled the back of a hatchback and I really didn't know what was in it until a few months after I completed the 1,200 mile drive back home. After inputting all the certified stuff, PCGS valued it around $30K. Over 100 mint sets and raw silver and gold more than double that amount. But more valuable to me is that my grandmother and great grandmothers fingerprints are all over his collection with their notes and knickknacks. For the past two years, I'm grateful it's given me something to learn about, build upon, and cherish in my new found retirement and my youngest sons interest means we spend more time together. A win all-around in my opinion and at least makes it premium to me.
USAF veteran 1984-2005
Premium, to me yes I have. My late father gave me a Lincoln cent album ( 41 - to present ) in 1964 which I still have. Priceless !!! Been collecting ever since. About 3 months after mom passed in early 97, dad who was in poor health called me to stop by the house, which I did, only to find his entire collection sitting on the dining room table. Not premium to anyone else but still........ " Take it home with you " After much discussion " take it, if your brother gets ahold of it, he'll spend it " Sure enough, 3 months later, we lost dad too. And of course, brother wanted to know where dads coins were. Big sis, the executress told him I took possession months ago. Still got em. Rolls of circ. mostly S mint wheats and circ. silver along with some less than common silver certificates. Nothing I can retire on but still premium to me.
Just bought a pre 33 gold deal approaching 6 figures from family who found it in barn searching for christmas decorations, no better dates, but enough gold with current price to put it up there. Been in there for approaching 30 years based on documents and paperwork stored with collection.
also, the only problem also, is profit margin on this type stuff avg 3-4% so its not like its a great deal, maybe for the family, but not the dealer.
Family was more interested in literary culture; father did the NY Times Sunday acrostic, etc. one sister worked at American Heritage and Random House. Coins I went through when my father passed were low grade, an 1864 "L" cent in low grade, a lead copy, old, of the Continental dollar, a Louisiana purchase coin and a Lindberg low content gold coin from Danbury Mint where he worked for a while.
Good that they found an honest guy not the typical "how much do you want?" for your collection. And if you are operating on that tight a margin, hopefully they will recommend everyone they know to you!
I had a brother and sister want to sell a couple Whitman folders of later date Lincoln cents and Jefferson nickels to me that their father collected in the 1970s. Nothing special for sure, but obvious that he was careful, enjoyed the hobby, which was clear from the folders that are still in good condtion. I gave them $50 for the folders which was more than others offered.
I inherited a big batch (dozens) of slabbed gold, pre 33 US and foreign. I looked them all up and it seems nothing numismatic or super high grade, pretty much bullion plus a little extra for the slab. I shudder to think how much he spent on grading.
If they are pre-1933 gold coins, he may have bought them already slabbed.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire